FCA policy statement on authorisation application fees
Regulatory Updates | 12/01/22
The FCA has published a policy statement which sets out the new structure for authorisation application fees.
The changes include the introduction of:
• A lower charge when firms that apply for the credit-related permissions of debt counselling and debt adjusting request restrictions on their permitted activity because it is ancillary to their main business.
• A charge for lead generator Claims Management Companies applying for permission to seek out people who may have a claim.